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Become An Account Associate

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Working As An Account Associate

  • Getting Information
  • Interacting With Computers
  • Processing Information
  • Documenting/Recording Information
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $54,664

    Average Salary

What Does An Account Associate Do

Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy.

Duties

Bookkeeping, accounting, and auditing clerks typically do the following:

  • Use bookkeeping software, online spreadsheets, and databases
  • Enter (post) financial transactions into the appropriate computer software
  • Receive and record cash, checks, and vouchers
  • Put costs (debits) and income (credits) into the software, assigning each to an appropriate account
  • Produce reports, such as balance sheets (costs compared with income), income statements, and totals by account
  • Check for accuracy in figures, postings, and reports
  • Reconcile or note and report any differences they find in the records

The records that bookkeeping, accounting, and auditing clerks work with include expenditures (money spent), receipts (money that comes in), accounts payable (bills to be paid), accounts receivable (invoices, or what other people owe the organization), and profit and loss (a report that shows the organization’s financial health).

Workers in this occupation have a wide range of tasks. Some are full-charge bookkeeping clerks who maintain an entire organization’s books. Others are accounting clerks who handle specific tasks.

These clerks use basic mathematics (adding, subtracting) throughout the day.

Bookkeeping, accounting, and auditing clerks use specialized computer accounting software, spreadsheets, and databases to enter information from receipts or bills. They must be comfortable using computers to record and calculate data.

The widespread use of computers also has enabled bookkeeping, accounting, and auditing clerks to take on additional responsibilities, such as payroll, billing, purchasing (buying), and keeping track of overdue bills. Many of these functions require clerks to communicate with clients.

Bookkeeping clerks, also known as bookkeepers, often are responsible for some or all of an organization’s accounts, known as the general ledger. They record all transactions and post debits (costs) and credits (income).

They also produce financial statements and other reports for supervisors and managers. Bookkeepers prepare bank deposits by compiling data from cashiers, verifying receipts, and sending cash, checks, or other forms of payment to the bank.

In addition, they may handle payroll, make purchases, prepare invoices, and keep track of overdue accounts.

Accounting clerks typically work for larger companies and have more specialized tasks. Their titles, such as accounts payable clerk or accounts receivable clerk, often reflect the type of accounting they do.

The responsibilities of accounting clerks frequently vary by level of experience. Entry-level accounting clerks may post details of transactions (including date, type, and amount), add up accounts, and determine interest charges. They also may monitor loans and accounts to ensure that payments are up to date.

More advanced accounting clerks may add and balance billing vouchers, ensure that account data are complete and accurate, and code documents according to an organization’s procedures.

Auditing clerks check figures, postings, and documents to ensure that they are mathematically accurate and properly coded. They also correct or note errors for accountants or other workers to fix.

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How To Become An Account Associate

Most bookkeeping, accounting, and auditing clerks need some postsecondary education and also learn some of their skills on the job. They must have basic math and computer skills, including knowledge of spreadsheets and bookkeeping software.

Education

Employers generally require bookkeeping, accounting, and auditing clerks to have some postsecondary education, particularly coursework in accounting. However, some candidates can be hired with just a high school diploma.

Training

Bookkeeping, accounting, and auditing clerks usually get on-the-job training. Under the guidance of a supervisor or another experienced employee, new clerks learn how to do their tasks, including double-entry bookkeeping. In double-entry bookkeeping, each transaction is entered twice, once as a debit (cost) and once as a credit (income), to ensure that all accounts are balanced.

Some formal classroom training also may be necessary, such as training in specialized computer software. This on-the-job training typically takes around 6 months.

Licenses, Certifications, and Registrations

Some bookkeeping, accounting, and auditing clerks become certified. For those who do not have postsecondary education, certification is a particularly useful way to gain expertise in the field. The Certified Bookkeeper (CB) designation, awarded by the American Institute of Professional Bookkeepers, shows that those who have earned it have the skills and knowledge needed to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.

For certification, candidates must have at least 2 years of full-time bookkeeping experience or equivalent part-time work, pass a four-part exam, and adhere to a code of ethics.

The National Association of Certified Public Bookkeepers also offers certification. The Uniform Bookkeeper Certification Examination is an online test with 50 multiple-choice questions. Test takers must answer 75 percent of the questions correctly to pass the exam.

Advancement

With appropriate experience and education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

Important Qualities

Computer skills. Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software.

Detail oriented. These clerks are responsible for producing accurate financial records. They must pay attention to detail in order to avoid making errors and recognize errors that others have made.

Integrity. Bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential. It is vital that they keep records transparent and guard against misappropriating an organization’s funds.

Math skills. Bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic.

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Account Associate jobs

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Account Associate Career Paths

Account Associate
Finance Analyst Finance Manager General Manager
Account Manager
5 Yearsyrs
Accounting Manager Controller
Accounting Director
11 Yearsyrs
Accountant Senior Accountant
Accounting Manager
7 Yearsyrs
Account Coordinator Account Manager Billing Specialist
Accounts Receivable Manager
6 Yearsyrs
Staff Accountant Accounting Manager Controller
Corporate Controller
12 Yearsyrs
Senior Associate Assistant Vice President Credit Officer
Credit Manager
5 Yearsyrs
Senior Accountant Accounting Manager Controller
Finance Controller
9 Yearsyrs
Accountant Finance Analyst Senior Finance Analyst
Finance Manager
7 Yearsyrs
Account Executive Sales Manager
General Manager
7 Yearsyrs
Staff Accountant Finance Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Accountant Finance Manager Sales Manager
Marketing Manager
6 Yearsyrs
Account Manager Sales Manager
Office Manager
5 Yearsyrs
Account Manager Account Executive Sales Manager
Operations Manager
7 Yearsyrs
Accounting Manager Human Resources Coordinator Payroll Specialist
Payroll Manager
7 Yearsyrs
Cost Accountant Human Resources Coordinator Payroll Specialist
Payroll/Human Resource Manager
7 Yearsyrs
Account Coordinator Office Manager Accounting Manager
Plant Controller
10 Yearsyrs
Account Executive Sales Consultant
Sales Manager
5 Yearsyrs
Business Analyst Product Manager Sales Manager
Senior Account Manager
7 Yearsyrs
Business Analyst Program Manager General Manager
Territory Manager
7 Yearsyrs
Finance Analyst Assistant Vice President
Vice President And Manager
10 Yearsyrs
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Average Length of Employment
Accountable Clerk 3.6 years
Account Leader 3.4 years
Account Technician 3.3 years
Accounting Clerk 3.2 years
Account Associate 3.0 years
Account Auditor 3.0 years
Account Executive 2.9 years
Cash Accountant 2.8 years
Account Analyst 2.8 years
Account Processor 2.7 years
Account Specialist 2.7 years
Finance Clerk 2.6 years
Top Employers Before
Internship 9.7%
Accountant 4.2%
Cashier 3.6%
Teller 2.9%
Top Employers After
Accountant 10.5%
Associate 3.6%
Controller 2.8%

Account Associate Demographics

Gender

Female

60.2%

Male

37.1%

Unknown

2.6%
Ethnicity

White

76.6%

Hispanic or Latino

10.8%

Asian

9.7%

Unknown

2.3%

Black or African American

0.7%
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Languages Spoken

Spanish

40.4%

French

10.4%

Mandarin

8.8%

Chinese

6.0%

Japanese

5.2%

Italian

4.0%

Russian

2.8%

Cantonese

2.8%

German

2.4%

Polish

2.4%

Arabic

2.4%

Hindi

2.0%

Korean

1.6%

Tagalog

1.6%

Portuguese

1.6%

Urdu

1.2%

Greek

1.2%

Carrier

1.2%

Hebrew

1.2%

Gujarati

0.8%
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Account Associate Education

Schools

University of Phoenix

18.8%

Strayer University

7.9%

Pennsylvania State University

7.0%

Syracuse University

6.5%

Ohio University -

5.3%

Southern New Hampshire University

5.1%

Michigan State University

4.2%

Liberty University

4.2%

Northeastern University

4.2%

George Mason University

3.9%

University of Texas at Austin

3.7%

University of Memphis

3.7%

Hofstra University

3.7%

University of Southern California

3.4%

New York University

3.1%

San Francisco State University

3.1%

Georgia State University

3.1%

American InterContinental University

3.1%

University of Florida

3.1%

Grand Valley State University

3.1%
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Majors

Business

28.3%

Accounting

23.5%

Finance

6.6%

Marketing

6.2%

Communication

6.1%

Public Relations

5.0%

Management

3.6%

Economics

2.4%

Health Care Administration

2.1%

Political Science

1.9%

Journalism

1.9%

Criminal Justice

1.7%

Liberal Arts

1.6%

Psychology

1.6%

General Studies

1.5%

Graphic Design

1.4%

Human Resources Management

1.2%

Education

1.2%

English

1.2%

Computer Science

1.1%
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Degrees

Bachelors

49.6%

Other

18.6%

Masters

17.5%

Associate

8.3%

Certificate

3.9%

Diploma

1.1%

Doctorate

0.7%

License

0.3%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Account Associate Salaries

Job Title Company Location Start Date Salary
Digital Brand Account Associate Corporation Service Company New York, NY Mar 18, 2016 $116,688
SR. Accounts Associate Ports 1961 USA Inc. New York, NY Feb 26, 2015 $95,000
Swiftre Account Associate (Marketing Analyst) Swiss Re America Holding Corporation New York, NY Sep 20, 2015 $91,000
Swiftre Account Associate (Marketing Analyst) Swiss Re America Holding Corporation New York, NY Jul 15, 2015 $91,000 -
$92,000
Senior Account Associate Pacific Investment Management Company (Pimco) Newport Beach, CA Sep 12, 2012 $90,000
Account Associate Pacific Investment Management Company, LLC New York, NY Nov 15, 2014 $85,000
Account Associate Pacific Investment Management Company (Pimco) New York, NY Mar 22, 2010 $85,000
Account Associate Pacific Investment Management Company (Pimco) Newport Beach, CA Mar 01, 2010 $85,000
Account Associate Emarsys North America, Inc. San Francisco, CA Sep 07, 2015 $85,000
Account Associate Pacific Investment Management Company, LLC New York, NY Oct 01, 2014 $85,000
Account Associate Pacific Investment Management Company, LLC New York, NY Jan 10, 2014 $85,000
Account Associate Pacific Investment Management Company, LLC Newport Beach, CA Jun 02, 2014 $80,000
Senior Account Associate Pacific Investment Management Company (Pimco) Newport Beach, CA Oct 31, 2011 $70,000
Senior Account Associate, International Tory Burch, LLC New York, NY Sep 21, 2013 $70,000
Senior Account Associate/International Wholesale Coach, Inc. New York, NY Sep 12, 2011 $68,100
Global Account Associate Moody's Analytics, Inc. New York, NY May 09, 2011 $65,000
Account Associate Pacific Investment Management Company (Pimco) Newport Beach, CA Oct 14, 2009 $62,000
Account Associate, OPG Sales Google Inc. Mountain View, CA Apr 18, 2011 $60,000
Account Associate Orange Business Services U.S., Inc. Chicago, IL Sep 02, 2014 $60,000
Institutional Account Associate American Century Investment Services Inc. Kansas City, MO Sep 13, 2016 $58,195
Account Associate Isoftstone, Inc. Waltham, MA Sep 13, 2013 $52,832
Account Associate Analytix Business Solutions, LLC Woburn, MA Sep 24, 2012 $50,731
Marketing & Account Associate We Are Listen LLC New York, NY Jan 21, 2015 $50,000
Account Associate Grayling Connecting Point, LLC San Francisco, CA Jun 01, 2012 $50,000 -
$60,000
Associate Account CBIZ Southern California LLC Oxnard, CA Sep 01, 2014 $47,923
Strategic Publisher, Marketing Account Associate Taboola Inc. New York, NY May 02, 2016 $47,000
Associate Account CBIZ Southern California LLC Los Angeles, CA Sep 14, 2014 $46,696 -
$56,250
Account Associate J. Walter Thompson USA, Inc. New York, NY Sep 03, 2011 $45,000

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Top Skills for An Account Associate

FinancialStatementsCustomerServiceProceduresGeneralLedgerAccountsMonthlyJournalEntriesPayrollAssetsXeroxAuditIncomeAccountReconciliationsDataEntryBalanceSheetAccountsBankReconciliationsPressReleasesTaxReturnsFinancialReportsSpecialProjectsNewAccountsHighVolume

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Top Account Associate Skills

  1. Financial Statements
  2. Customer Service
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Reported monthly billing and financial statements to leadership.
  • Worked with multiple accounts providing excellent customer service including copy and finishing service.
  • Provide assistance to department staff, faculty and division directors on university policies and procedures, and granting agencies regulations.
  • Researched test materials, developed worksheets, and initiate procedures in resolving various out of balance general ledger accounts.
  • Pulled and organized information from large data files to facilitate monthly journal entries.

Top Account Associate Employers

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